What money should I use when buying my first property

[Jesse Felix]

Stats;

Married, socal,

Roughly make around 100k yearly

Debt;

Mortgage 1956 per month

We have around 15k saved up.

I have around 40k in credit cards that have zero balance and we both have excellent credit.

I want to buy a house fix it up and sell it to get a large chunk of cash to be able to fund other rental properties or brrrr investments

So my question is

WHERE DO I START?

in state

Out of state?

Do I buy something really small fix it up and sell it and move to larger items?

What do I do?

Thanks bigger pockets fam! I know you guys are going to come through

Jesse

[Whitney Hutten]

@Jesse Felix Is that $15K outside of monies set aside in your emergency accounts?  That really isn't much to get started on especially in SoCal. Instead of starting the project yourself, what if you became the note holder on someone else's project and learned the ropes at the same time (still high risk!).  Otherwise, I'd keep saving.  We haven't seen asset prices falter yet... and the costs will be one of the first places when then they do.